1396 Windmill Lane 17,242 SF Retail Building Gloucester, ON K1B 4V5 $5,599,999 CAD ($324.79 CAD/SF) 5.30% Cap Rate

This acquisition presents a compelling opportunity for yield-focused investors seeking steady, predictable cash flow in one of Ottawa's most resilient industrial submarkets.
Fully anchored by Synergy Formwork under an excellent covenant, 1396 Windmill Lane underwent a custom building-wide renovation in 2021 to suit the tenant's operational needs on a 7-year lease. Spanning 20,050 sq. ft. of Gross Floor Area (including a 1,250 sq. ft. mezzanine), With a base rent of $14.80/sq. ft., the property generates a NOI of $296,740. The current lease has two years remaining with a 5 year renewal option. Synergy subleases 3,240' to Manulift. Additional rent in 2025 was 7.12 $/ft2.
www.coffragessynergy.ca
www.manulift.ca
Positioned in a high-demand commercial corridor with historically low vacancy rates and strong tenant retention, this versatile light industrial asset offers immediate income security paired with low-friction operations and stable, risk-adjusted returns.
This property has 6 bay doors, floor to ceiling height ranges from 18' to 20', power is 400 amp, 600 volt.